SPI Weekly and Daily range (24 hour market)Break of Support (expected), as the market comes towards the end of the month.
This was confirmed overnight in sycom once the S&P 500 followed the expected reversals from the January highs, with or without Obama's speech.
At this stage the market is below Weekly lows and January 50% level @ 4741.
Today opened below Friday's lows and it struggled to rise higher (resistance), but I would have preferred another 42 point down move sometime today:- range bar rotations outside the Daily lows.
Weekly report out tomorrow:-
- Daily Trading Set-ups & Analysis
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